Millions of houses are in foreclosure in the U.S. Even if your house is safe, your neighbors may be in trouble, and your neighborhood could suffer as a result. Here’s the story of one house in a neighborhood in New Jersey.
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U.S. household wealth increased 2.2% in the third quarter as stock prices rose and consumers cut debt, according to a Federal Reserve report released Thursday. Companies’ cash balances also grew in the third quarter.
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Modesto, California, located 90 miles east of San Francisco, had the nation’s third-highest home foreclosure rate during the third quarter of 2010, just behind Las Vegas, Nevada, and Cape Coral/Fort Meyers, Florida. DailyFinanc…
U.S. homes will lose a total of $1.7 trillion in value in 2010, according to real estate site Zillow.com.
The value lost this year will be 63% more than in 2009, and will take the total value lost since June 2006 to more than $9 trillion, Zillow said…
In Asia Thursday China’s Shanghai Composite Index lost 1.3% to close at 2,811 and Hong Kong’s Hang Seng Index added 0.3% to end the day at 23,172. In Japan the Nikkei 225 Index rose 0.5% to 10,286.
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